Australian satellite services business Speedcast looks likely to sell itself to its former lender Centrebridge Partners for $395 million (€334.4m). However, the deal, if agreed by the bankruptcy court, could leave its other creditors unsatisfied. Sydney-based Speedcast says it has received a “commitment” from Centrebridge along with an offer by Centrebridge to fund Speedcast’s debtor-in-possession […]
fuboTV, the US sports-focused OTT service, has reported Q2 revenues of $44.2 million (€37.4m), a 53 per cent increase year-over-year on a pro forma basis. Growth was driven by a rise in subscribers, an increase in Average Revenue Per User (ARPU) and growth of advertising sales. Subscription revenue increased 51 per cent year-over-year to $39.5 […]
Intelsat filed for Chapter 11 reorganisation on May 13th, and more details are now emerging as to how it hopes it can restructure its debts and financial obligations. Bankruptcy protection means it does not have to pay interest on its unsecured debts, and a saving of some $102 million each month. But it has to […]
Ade Rawcliffe has been appointed Group Director of Diversity and Inclusion at ITV. She will report to the Group CEO, Carolyn McCall, and will be a member of the Management Board. ITV will become the first FTSE 100 company with a dedicated diversity director on its executive board. Rawcliffe will lead, develop and grow ITV’s […]
RTL Group’s turnover fell significantly in the first half of 2020, dropping 16.4 per cent to €2.7 billion. Advertising revenue has suffered in particular, dropping by 40 per cent from April to June. The bottom line is a profit of €156 million for the first six months of 2020, down €287 millionon the previous year. […]
Deutsche Telekom’s (DT) domestic German TV base grew significantly and boosted group revenue during lockdown, helped in particular by new and exclusive content on the Megathek on-demand offering. DT had 3.724 million TV subscribers in Germany at the end of Q2, up 1.3 per cent quarter-on-quarter and 7.1 per cent year-on-year. Some 106,000 TV users […]
Amazon Prime Video and Amazon Studios have announced a $6 million (€5.09m) commitment to support the European TV and film production creative community through the Covid-19 pandemic. Donations from the fund will be made to Covid-19 relief funds in countries across Europe to support the creative community as TV and film production begins to restart […]
Banijay, the content producer and distributor, has confirmed Jacob Houlind as CEO, Banijay Nordic. Set to oversee all operations across its portfolio of 24 companies, his remit spans Norway, Sweden, Finland, Denmark, and the UK and US, following the recent expansion of Yellow Bird. Marco Bassetti, CEO, Banijay commented: “Jacob has long been a part […]
The Trustworthy Accountability Group (TAG), a self-regulatory advertising industry initiative to fight criminal activity in the digital advertising supply chain, has announced the hiring of Danielle Meah, former Global Head of Threat Intelligence for Citigroup, as TAG’s first Director of Threat Intelligence. In her new role, Meah will lead the TAG Threat Exchange and work […]
Liberty Global has announced that it has agreed to make an all cash public tender offer for all publicly held shares of Sunrise at a price of CHF110 (€102.2) per share. The deal is pursuant to the terms of a transaction agreement between both Liberty Global and Sunrise Communications Group. The offer represents a 32 […]